Zhengchuan Pharmapack(SH:603976) Shang Hai Zheng Quan Bao·2026-01-29 20:26Core Viewpoint - Chongqing Zhengchuan Pharmaceutical Packaging Materials Co., Ltd. expects a significant decline in net profit for the year 2025, with projections indicating a decrease of 54.93% to 66.20% compared to the previous year [2][4]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of between 18 million to 24 million yuan for 2025, a reduction of 29.25 million to 35.25 million yuan from the previous year [2][4]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between 11 million to 16 million yuan, reflecting a decrease of 33.29 million to 38.29 million yuan year-on-year [2][4]. Group 2: Previous Year’s Performance - In the previous year, the total profit was 60.21 million yuan, with a net profit attributable to shareholders of 53.25 million yuan, and a net profit excluding non-recurring gains and losses of 49.29 million yuan [6]. Group 3: Reasons for Performance Decline - The decline in performance is attributed to multiple factors, including the deepening of pharmaceutical procurement policies, reforms in medical insurance payments, and intensified competition in the pharmaceutical market, leading to fluctuations in market demand from downstream customers, a decrease in product prices, and a reduction in sales volume [6].